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Golub Capital BDC

337 hedge funds and large institutions have $1.69B invested in Golub Capital BDC in 2025 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 150 increasing their positions, 83 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more call options, than puts

Call options by funds: $1.73M | Put options by funds: $794K

81% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 83

47% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 34

18% more funds holding in top 10

Funds holding in top 10: 1113 (+2)

7% more capital invested

Capital invested by funds: $1.58B → $1.69B (+$112M)

3% more funds holding

Funds holding: 326337 (+11)

2.68% more ownership

Funds ownership: 39.11%41.78% (+2.7%)

Holders
337
Holders Change
+11
Holders Change %
+3.37%
% of All Funds
4.52%
Holding in Top 10
13
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+18.18%
% of All Funds
0.17%
New
50
Increased
150
Reduced
83
Closed
34
Calls
$1.73M
Puts
$794K
Net Calls
+$936K
Net Calls Change
+$1.75M
Name Holding Trade Value Shares
Change
Change in
Stake
Two Sigma Investments
51
Two Sigma Investments
New York
$6.36M -$4.69M -305,364 -42%
OWM
52
OneAscent Wealth Management
Alabama
$6.03M -$359K -23,374 -6%
Raymond James Financial
53
Raymond James Financial
Florida
$5.77M +$1.32M +86,161 +29%
HCM
54
Hilton Capital Management
New York
$5.65M +$71.8K +4,678 +1%
TP
55
Tranquility Partners
Tennessee
$5.33M +$145K +9,470 +3%
CIM
56
Confluence Investment Management
Missouri
$5.3M +$36K +2,345 +0.7%
MHS
57
M Holdings Securities
Oregon
$5.28M +$170K +11,087 +3%
Citigroup
58
Citigroup
New York
$5.26M +$25.5K +1,662 +0.5%
NCM
59
Next Capital Management
New York
$5.19M -$3.7M -240,923 -41%
CastleKeep Investment Advisors
60
CastleKeep Investment Advisors
Connecticut
$5.18M +$4.01M +260,982 +320%
CCM
61
Condor Capital Management
New Jersey
$5.18M +$528K +34,427 +11%
Pathstone Holdings
62
Pathstone Holdings
New Jersey
$5.09M +$375K +24,410 +8%
HWAM
63
Hennion & Walsh Asset Management
New Jersey
$4.99M +$1.29M +84,129 +34%
ACM
64
Advisors Capital Management
New Jersey
$4.94M -$86.1K -5,609 -2%
SIA
65
Schechter Investment Advisors
Michigan
$4.93M +$1.53M +100,000 +44%
PC
66
Prairiewood Capital
North Dakota
$4.86M +$162K +10,565 +3%
First Trust Advisors
67
First Trust Advisors
Illinois
$4.83M -$599K -39,029 -11%
DADC
68
D.A. Davidson & Co
Montana
$4.59M +$631K +41,087 +16%
Envestnet Asset Management
69
Envestnet Asset Management
Illinois
$4.58M -$1.07M -69,978 -19%
Brown Advisory
70
Brown Advisory
Maryland
$4.52M -$195K -12,704 -4%
MFG
71
Merit Financial Group
Georgia
$4.48M
P
72
&Partners
Tennessee
$4.38M +$345K +22,470 +9%
AIM
73
Anchor Investment Management
South Carolina
$4.23M +$81.5K +5,308 +2%
TC
74
Truvestments Capital
Florida
$4.15M +$1.58M +102,952 +60%
Lido Advisors
75
Lido Advisors
California
$4.09M +$857K +55,814 +26%

GBDC Hedge Fund Activity: Q1 2025 in Review

337 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in Golub Capital BDC (GBDC) for Q1 2025, worth a combined $1.69B — up 7.1% from $1.58B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new GBDC positions and 34 closed out — a net gain of 16 holders — while 150 added to existing stakes and 83 trimmed.

The largest buyer was Generali Asset Management, opening a new position worth an estimated $27.6M. The largest seller was Corient Private Wealth, cutting an estimated $10.1M.

  • 337 institutional investors held Golub Capital BDC (GBDC) as of Q1 2025, up from 326 in Q4 2024.
  • Funds reported $1.69B of Golub Capital BDC stock for Q1 2025, up 7.1% quarter-over-quarter.
  • 50 funds opened new Golub Capital BDC positions in Q1 2025 and 34 closed out, a net change of +16 holders.
  • The largest Golub Capital BDC buyer in Q1 2025 was Generali Asset Management, an estimated $27.6M added.
  • The largest Golub Capital BDC seller in Q1 2025 was Corient Private Wealth, an estimated $10.1M sold.

Based on aggregated 13F filings for Q1 2025.